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Provisions, Trade and Other Payables
12 Months Ended
Dec. 31, 2023
Provisions, Trade and Other Payables  
Provisions, Trade and Other Payables

Note 20

Provisions, Trade and Other Payables

EUR’000

    

2023

2022

2021

Trade and other payables:

 

  

  

  

Trade payables

 

8,399

3,979

2,795

Other payables

 

24,237

4,843

6,908

 

32,636

8,822

9,703

The increase in other payables is attributed to year-end activity and temporal mismatches in payment processing, including cut-off procedures.

EUR’000

    

2023

2022

2021

Provisions:

Beginning of financial year

Acquisition of businesses

6,987

Exchange differences

(88)

6,899

A provision is recognised for certain contracts with customers for which the unavoidable costs of meeting the performance obligations exceed the economic benefits expected to be received. It is anticipated that these costs will be incurred in the next financial year.